The Independent Garage Cooperative Limit - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08907295 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 1 June 2014 to 28 February 2015

for

THE INDEPENDENT GARAGE COOPERATIVE

LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

D A Poole

S A Wadlow

REGISTERED OFFICE:

32 Birchbrook Industrial Park, Lynn Lane

Shenstone

Lichfield

Staffordshire

WS14 0DJ

REGISTERED NUMBER:

08907295 (England and Wales)

ACCOUNTANT:

Grahame J Harbour Limited

1 Windrush Road

Keynsham

Bristol

Avon

BS31 1QL

FIXED ASSETS

Intangible assets

2

19,250

Tangible assets

3

886

20,136

CURRENT ASSETS

Debtors

47,984

Cash at bank

44,777

92,761

CREDITORS

Amounts falling due within one year

7,673

NET CURRENT ASSETS

85,088

TOTAL ASSETS LESS CURRENT LIABILITIES

105,224

CAPITAL AND RESERVES

Called up share capital

4

148,600

Profit and loss account

(43,376

)

SHAREHOLDERS' FUNDS

105,224

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 25 June 2015 and were signed on its behalf by:

S A Wadlow - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Computer software

The computer software costs are written off on a straight line basis over four years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

21,000

At 28 February 2015

21,000

AMORTISATION

Amortisation for period

1,750

At 28 February 2015

1,750

NET BOOK VALUE

At 28 February 2015

19,250

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

1,065

At 28 February 2015

1,065

DEPRECIATION

Charge for period

179

At 28 February 2015

179

NET BOOK VALUE

At 28 February 2015

886

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

148,600

"A" Ordinary

£1

148,600

148,600 "A" Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.